About This Home
This 1-bedroom, 1-bathroom single family at 1005 11th st in Phenix City, AL is listed for $79,500 ($102 per sqft). Built in 1940, the home offers 780 sqft of living space on a 0.17 acres lot.
Key Features
- Built in 1940
- 0.17 acre lot
Property Details
Amenities
Income-producing investment property currently rented for $795 per month. At the individual allocated price of $79,500, the property reflects an estimated 9.2% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include a new water heater installed in 2024, updated kitchen cabinets, sink and counter
top, sheetrock and painting, along with a newer gas space heater and additional miscellaneous upkeep. This property is not currently available for individual purchase and must be purchased as part of a three-property investment package with 1015 11th Avenue and 1822 6th Court.
The combined package is offered at $288,500, produces $2,985 per month in current rental income, and reflects an estimated package cap rate of approximately 9.5% based on seller-provided income and expense information. The package offers an investor three occupied income-producing properties with established rental history and documented improvements. Contact listing agent for rent roll, lease information, operating expenses, and complete package details.
Monthly Cost Estimate
$425/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1005 11th st
Phenix City, AL 36867
Features & Amenities
Exterior Features
Property Details
Construction
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 1-bedroom, 1-bathroom single family at 1005 11th st is listed at $79,500 ($102/sqft). The estimated monthly payment is $425 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.17 acre lot. Exterior Features: PrivateYard.
This property is listed by Michael Terrell and can be reached at 7622077005.
